Been a little while, I know, but I’ve been very busy at work and haven’t had the time or energy to come home and recap like I normally do. This Sharing the Wealth cover roughly all of June up to this point.
David Gaughran starts things off, asking who is afraid of cheap books. And, of course, it is publishers who have fought for high prices and Amazon who has fought for lower.
The Washington Post has an article examining why Amazon is wanting a bigger slice of its supplier’s margins. Keep in mind, the Post is owned by Bezos now so they aren’t exactly going to take a different stance on this.
Amazon now has a series page (yeah, I know this is a bit dated, but still) and Indie Unlimited has an article on how to use it. I don’t really have a reason to test this out yet but look forward to doing so once the second book comes out.
PG brings us some slides from the Legardere (parent company of Hachette) investor presentation. Love how they point out the need to maintain control over author relations.
Hugh Howey dives into why Publishing Industry analysts are wrong. Specifically, that they are reporting on just the five major players in the arena. Period. That’s fine for a snapshot and general analysis, but hardly enough to base every singe decision on.
I’m fucking shocked that I am citing this, but John Scalzi wrote a post discussing Yog’s Law and its application to self publishing. Yog’s Law states that money should flow toward the writer. I just knew where this was going and was pleasantly surprised to be wrong. He voices his opinion that Yog’s Law still applies to self pub authors, just in a different sense. Even though money might flow away from the author for start up costs on a book, the rights and control flow toward the author.
Writer’s Digest has dumped Author Solutions. Took them long enough.
Sara Hoyt discusses one of the first lessons she learned in publishing, that it’s always in crisis and things keep on ticking.
David Gaughran covers a piece from the New York Times, in which an author discusses how he was a bestseller yet made no money. He points out several fallacies, breaking down the actual rank it achieved, and why authors have illusions about where they stand.
Barnes and Noble is saying it will split up its physical bookstore business and Nook business into two, independently traded companies…again. What sucks so, so, so bad for B&N is the flip-flopping nature of this communication. When a company is in trouble, one of the worst things they can do is seem like they, you know, don’t know what to do. Till now, I have yet to spread the B&N is dead news so many have jumped on, but this is concerning. Others think so as well. The only one that sounds like he might know what he’s doing is the original founder, who seems to have given up trying to reign in the company he no doubt loves.
The Guardian cited “experts”, stating the supposed terms Amazon is demanding from Hachette would amount to assisted suicide. TeleRead points out that these “experts” are in fact book publishing pundits, cited only because of their support for the industry they are a part of. Those horrible terms by the way, Hugh Howey and David Gaughran have a few things to say about the context of these “leaks”.
TeleRead also makes a great point about no one being the good guy in this negotiation though. That’s an important thing to remember, these are titans battling overhead. We just need to stay out from under foot.
The Supreme Court ruled against Aereo. Don’t exactly know how I feel about that.
The SFWA is asking their members to comment on self-publishing and possible criteria for allowing self pub authors into the organization. Yay…
The Digital Reader thinks it’s about time indie authors joined publishers in the battle against Amazon. Really? I mean, are you fucking kidding me? We should join Hachette, who offers 25% on ebook royalties, requires exclusivity options and non-compete clauses, and all the others who do that and worse…because Amazon might slash royalties in the future?
Okay, let me lay this out. I am concerned Amazon is going to slash royalties. It would be a bad move because it would drive up prices, something they have shown a habit of wanting to lower, but it could happen. Especially since they have had two streams of behavior, one that fights to lower Trad books below $9.99 and another that tries to increase Indie above $.99. And if/when they lower the royalty I and all the rest of the community, I am sure, will raise hell. Probably to little affect.
And it will still be a better deal than what a new author can get from a traditional publisher.
That’s the difference.
I’m calling it with that. Everyone have a great weekend!